In this paper we analyze residential natural gas demand in twelve OECD countries using time series data from 1980 to 2008. We estimate long-run demand elasticities with regard to real disposable income and real residential price of natural gas using the autoregressive distributed lag (ARDL)...

In this paper we empirically analyse the impact of disaggregated ICT capital on the electricity intensity in five major European industries (chemical, food, metal, pulp & paper and textile). The analysis of each industrial sector is based on an unbalanced panel including data for eight EU member...

In this paper we estimate residential electricity demand elasticities and conduct an analysis of the causal relationship between electricity demand, disposable income and electricity price for a group of several OECD members. We apply panel cointegration and Granger causality testing to a data...

In this article we empirically analyse the impact of disaggregated ICT capital on the electricity intensity in five major European manufacturing industries (chemical, food, metal, pulp and paper, textile). The analysis of each industrial sector is based on an unbalanced panel including data for...

We estimate electricity demand elasticities for eight subsectors of the German manufacturing industry using annual data from EU-KLEMS and the International Energy Agency for 1970–2007. The subsectoral approach allows to retain additional information otherwise blurred by aggregation and to...

The economic evaluation of ultra-long-lived investment projects is not only challenging due to the choice of the planning horizon but also due to the discounting of future uncertain cash flows. Thus, for real world investment decisions a better understanding of the project’s risks and their...

We develop a stochastic model for assessing the life-cycle cost and availability of wind turbines resulting from different maintenance scenarios, with the objective to identify the most cost-effective maintenance strategy. Using field-data based reliability models, the wind turbine – in terms...

The EU Emissions Trading Scheme challenges the cost-competitiveness of energy-intensive industries in Europe, and induces them to search for low-carbon alternatives for their process heat requirements, such as cogeneration or the employment of nuclear power plants. The high-temperature nuclear...

In this paper, we design and evaluate eight different strategies for hedging commodity price risks of industrial cogeneration plants. Price developments are parameterized based on EEX data from 2008-2011. The probability distributions derived are used to determine the value-at-risk (VaR) of the...

In Germany, the mitigation of CO2 emissions as well as the nuclear power phase-out are important political goals in the course of the sustainable energy transformation process (so-called “Energiewende”). The reduction in fossil- and nuclear-based energy supply has to be compensated by new...